LARQ S.A. CURRENT REPORT 25/2017 Subject:

Determination of the Issue Price of Shares in Private Placement by the Issuer's Subsidiary

General Legal Basis:

Article 17 (1) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Text of Report:

With reference to the Current Report No. 14 dated 15 May 2017, the Management Board of LARQ S.A. of Warsaw (the "Issuer") hereby informs that, on 12 June 2017, the Management Board of the Issuer's subsidiary - NEXTBIKE POLSKA S.A. of Warsaw ("NEXTBIKE") passed its resolution whereby the issue price of the series C shares was determined to be PLN 117.65 (one hundred seventeen 65/100 zlotys) per each share of series C.

Since the investors have placed their declarations regarding the subscription for the series C shares, the Management Board of NEXTBIKE is going to sign share subscription agreements with those investors for the aggregate number of 51,000 shares of series C having a total value of PLN 6,000,150.00 (six million one hundred fifty 00/100 zlotys) being the maximum authorised number of shares for increasing NEXTBIKE's share capital; the implied valuation of NEXTBIKE is PLN 126 million.

The Issuer will report on the outcome of this private placement after the share subscription agreements are signed.

Report Date:

12 June 2017

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